Silverfin false 31/03/2023 01/04/2022 31/03/2023 K T Symons 20 February 2024 The principal activity of the company during the financial year was that of property development. 08800458 2023-03-31 08800458 2022-03-31 08800458 core:CurrentFinancialInstruments 2023-03-31 08800458 core:CurrentFinancialInstruments 2022-03-31 08800458 core:Non-currentFinancialInstruments 2023-03-31 08800458 core:Non-currentFinancialInstruments 2022-03-31 08800458 core:ShareCapital 2023-03-31 08800458 core:ShareCapital 2022-03-31 08800458 core:RetainedEarningsAccumulatedLosses 2023-03-31 08800458 core:RetainedEarningsAccumulatedLosses 2022-03-31 08800458 core:LeaseholdImprovements 2022-03-31 08800458 core:Vehicles 2022-03-31 08800458 core:FurnitureFittings 2022-03-31 08800458 core:ComputerEquipment 2022-03-31 08800458 core:LeaseholdImprovements 2023-03-31 08800458 core:Vehicles 2023-03-31 08800458 core:FurnitureFittings 2023-03-31 08800458 core:ComputerEquipment 2023-03-31 08800458 2022-04-01 2023-03-31 08800458 bus:FullAccounts 2022-04-01 2023-03-31 08800458 bus:SmallEntities 2022-04-01 2023-03-31 08800458 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08800458 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08800458 bus:Director1 2022-04-01 2023-03-31 08800458 core:LeaseholdImprovements core:TopRangeValue 2022-04-01 2023-03-31 08800458 core:Vehicles core:TopRangeValue 2022-04-01 2023-03-31 08800458 core:FurnitureFittings 2022-04-01 2023-03-31 08800458 core:ComputerEquipment core:TopRangeValue 2022-04-01 2023-03-31 08800458 2021-04-01 2022-03-31 08800458 core:LeaseholdImprovements 2022-04-01 2023-03-31 08800458 core:Vehicles 2022-04-01 2023-03-31 08800458 core:ComputerEquipment 2022-04-01 2023-03-31 08800458 core:CurrentFinancialInstruments 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 08800458 (England and Wales)

WEST DORSET MARKETING SERVICES LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

WEST DORSET MARKETING SERVICES LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

WEST DORSET MARKETING SERVICES LTD

BALANCE SHEET

As at 31 March 2023
WEST DORSET MARKETING SERVICES LTD

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 13,172 20,080
Investment property 4 1,193,076 1,208,077
1,206,248 1,228,157
Current assets
Debtors 5 674,958 542,662
Cash at bank and in hand 420,137 183,788
1,095,095 726,450
Creditors: amounts falling due within one year 6 ( 269,433) ( 79,220)
Net current assets 825,662 647,230
Total assets less current liabilities 2,031,910 1,875,387
Creditors: amounts falling due after more than one year 7 ( 21,667) ( 31,667)
Provision for liabilities ( 2,503) ( 3,815)
Net assets 2,007,740 1,839,905
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,007,640 1,839,805
Total shareholder's funds 2,007,740 1,839,905

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of West Dorset Marketing Services Ltd (registered number: 08800458) were approved and authorised for issue by the Director on 20 February 2024. They were signed on its behalf by:

K T Symons
Director
WEST DORSET MARKETING SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
WEST DORSET MARKETING SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

West Dorset Marketing Services Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Tower Road, Branksome Park, Poole, Dorset, BH13 6HX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Vehicles 4 years straight line
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Leasehold improve-
ments
Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2022 12,000 26,169 7,859 7,864 53,892
Additions 0 0 0 1,500 1,500
At 31 March 2023 12,000 26,169 7,859 9,364 55,392
Accumulated depreciation
At 01 April 2022 6,000 13,085 6,863 7,864 33,812
Charge for the financial year 1,200 6,542 249 417 8,408
At 31 March 2023 7,200 19,627 7,112 8,281 42,220
Net book value
At 31 March 2023 4,800 6,542 747 1,083 13,172
At 31 March 2022 6,000 13,084 996 0 20,080

4. Investment property

Investment property
£
Valuation
As at 01 April 2022 1,208,077
Other changes (15,001)
As at 31 March 2023 1,193,076

5. Debtors

2023 2022
£ £
Corporation tax 192,856 951
Other debtors 482,102 541,711
674,958 542,662

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Taxation and social security 233,877 0
Other creditors 25,556 69,220
269,433 79,220

There are no amounts included above in respect of which any security has been given by the small entity.

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 21,667 31,667

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Key Management 479,020 536,212

Interest @2% has been charged on the overdrawn director loan account.